Hives per monitored apiary:
Honey produced by one hive each fortnight, at peak:
Times per year you're early or late to this apiary by a week:
Times per year you're early or late by a couple of days:
Typical number of hours to site:
Price of honey per lb:
(Typical number of hives)
(approx lb)
(approx)
(approx)
(approx hours)
(wholesale price)
Check our working:
000 hives x 0.0 lb
= 000
lb per fortnight
x
0 weeks + 0x2 days
= 0.00
Fortnights lost
⇒
15 lb x $0.00
= $49.50
Value of lost production
+
8 hrs x $50/hr + fuel
= $2,100
Unnecessary expense
Explain these calculations
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Explanation of calculations
Hivemind increases your honey yield by helping you get to your sites exactly on time. You currently lose 2.36 fortnights of peak production per year (3 weeks + 6 x 2 days). With 110 hives producing 15 lb/fortnight each, you're producing a total of TOTALWEIGHT lb per fortnight.
This is a loss of TOTALWEIGHT x 0.00 = 260 lb/year for each apiary. Since the price of honey is $3.30/lb, your loss evaluates to 260 x $3.30 = $11,682. That's your annual production loss due to timing alone.
Incidental expenses would be around $2,100 assuming 3 unnecessary visits (8 man-hours per trip x $50/hour + $300 fuel @ $67/hour of travel).
Our calculation didn't even include swarm or theft prevention (perhaps $300 per lost hive).
Not to mention peace of mind, better route planning and better apiary management.
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